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Freeport announces Notakwanon Drill Targets Confirmed
Freeport announces Notakwanon Drill Targets Confirmed.
About this update from Freeport Resources Inc.
[{"type":"text","content":"\n\n\n\nTSX Venture Exchange: FRI\nShares Issued: 12,876,232\nFully Diluted: 16,027,478\n\n\nVANCOUVER, Dec. 21 /CNW/ - FREEPORT RESOURCES INC. is very pleased to\nannounce details on gravity anomalies identified by Inco's recent airborne\ngravity survey over our Notakwanon property (23 claims, 575 ha) in Labrador.\nThe survey, a collaborative data-sharing effort with Inco, was highly\neffective: Three dense bodies have been identified, two of which appear\nconnected at depth and outcrop on either side of a lake. The strongest gravity\nanomaly appears to be 'deep rooted', with unlimited depth. The U-shaped\nconnection between the two anomalies correlates with the strongest conductive\nzone identified by an audio-magneto telluric (AMT) survey also by Inco, at\napproximately 460 metres depth.\n\n\nThe geophysical interpretation was conducted by Dr. Michel Chouteau of\nEcole Polytechnique, Montreal. Dr. Chouteau undertook a thorough analysis of\nthe Full Tensor airborne gravity gradiometry (FTG) data provided by Inco's\ncontractor, Bell Geospace of Houston, Texas, in conjunction with airborne\nmagnetic-electromagnetic data collected ten years ago over the extent of\nFreeport's original property holdings in the area (995 claims, 24,875 ha) -\nmuch of which now makes up Inco's well-known \"Garland Lake\" block, where an\nextensive drill program commenced in 2006.\n\n\nEcole Polytechnique previously conducted an independent review of Inco's\nAMT data, and has confirmed that the two key AMT anomalies established for\nfollow-up geophysics and/or drill testing coincide with the densest zones\nidentified in the gravity survey. It is of note that reports filed by Inco\nwith Government of NL indicate the area coinciding with the AMT anomaly\nextending across Freeport's property boundary is locally underlain by\ntroctolitic rocks considered favourable for hosting Voisey's Bay style\nnickel-sulphide mineralization. (For further information, please see releases\ndated May 2, September 1 & 23, 2005, Jan. 19, and June 16, 2006).\n\n\nA detection technique known as the Keating correlation technique has been\napplied on the aeromagnetic data to identify potential kimberlitic pipes. Two\nsuch circular structures located at Notakwanon have a correlation coefficient\nhigher than 85%. These will be field checked in 2007.\n\n\nThe Notakwanon claims...